Table 2-19 Table 2-19 Shows the Output Per Month of Month

question 215

Multiple Choice

Table 2-19
Table 2-19 shows the output per month of two people, Wilma and Betty. They can either devote their time to making marble statues or making marble benches.
-Refer to Table 2-19. Which of the following statements is true?

• A) Wilma has an absolute advantage in making both products.
• B) Betty has an absolute advantage in making both products.
• C) Betty has an absolute advantage in making statues and Wilma in making benches.
• D) Betty has an absolute advantage in making benches and Wilma in making statues.

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Definitions:

Bounded Ethicality

The concept that cognitive biases and organizational contexts limit individuals’ ability to make ethically ideal decisions.

Ethical Blind Spots

The tendency to overlook or underestimate the ethical dimensions of one’s actions or decisions, often due to cognitive biases.

Ethical

Pertaining to or dealing with morals or the principles of morality; adhering to accepted standards of conduct.

Managers

Individuals in an organization responsible for directing and overseeing the work of a group of people towards the achievement of goals and objectives.